Banks, criminality and accounting: end of the road?

All those banks and other financial institutions that have gone bust, or been bailed out, over the past 20 years demonstrate that the sector’s corporate conduct has been wayward, to put it mildly. That these dodgy outfits are located in the UK, USA, EU, Japan – virtually anywhere – suggests that, at root, their problems may have as much to do with human nature as jurisdictional regulation.